Dear Members,
A Foreign Company sold scrap to Indian Companies in India.
M/s.Tuea . ( an Indian Company) is acting as liasoning agent & receives Sales Commission of more than Rs.10 lacs in foreign currency from Foreign Company.
Whether Service Tax is applicable to Tuea ( Indian Co.) on commission received in India in foreign currency from foreign Co.?
Regards,
Vishnu
CAclubindia
